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UK Budget 2023: Economy Set to Avoid Recession

  • #Finance
  • #Taxation
  • #Politics
  • #Ukraine
  • #Money
  • #Economic conditions & trends
  • #Russia
  • #Prices
  • #Legislation
story
MAR 2023
Image copyright: Reuters
story last updated MAR 2023

The Spin

Right narrative

This budget was a minimalist masterclass. By steering clear of controversial or divisive topics, Hunt and the Conservatives have kept their powder dry in the lead-up to the next election. Given their current polling, a dull balance sheet that shows just enough attention to the cost-of-living crisis facing voters (through its childcare and energy bill provisions) without overspending is about as strategic a move as the government could make.

Bloomberg

Left narrative

After 15 years in government, the Conservatives are disguising a faltering economy as a period of stability. Despite calling it a budget for growth, the economy is still shrinking and ordinary Brits are paying the price for Tory mismanagement. Real living standards are continuing to fall while governments are prioritizing the one percent.

Mirror

Political split

LEFT

RIGHT

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